Current report in compliance with of article no. 108 of Law no. 24/2017, republished (ALRO S.A. & VIMETCO EXTRUSION SRL)

Mon, 07/31/2023 - 15:37

Significant event to be reported:Reporting of transactions with related parties according to art. 108paragraph 3 and paragraph 13 of Law no. 24/2017 – Republished

Please be informed by the present Current Report, that ALRO S.A. concluded on the date of July 31st, 2023 with the company VIMETCO EXTRUSION S.R.L. (member of Alro Group registered with the Financial Supervisory Authority), one new transaction whose cumulated value with the other transactions concluded/ carried out within the last 12 months, cumulatively exceed 5% of the Company’s net assets as per ALRO S.A. Standalone Financial Statements for the year of 2022, amounting to RON 70,644,348.

Details regarding the transaction concluded on July 31st, 2023 by ALRO S.A., asSeller with VIMETCO EXTRUSION S.R.L., as Buyer, containing information on the transaction date of conclusion, nature, description of its object, mutual receivables and debts are presented in Annex 1 hereto.

The Company management declares that the management has assessed the reported transactions as being economically correct and justified.